Toho Titanium Co (Toho Titanium Co) Debt-to-Equity : 1.02 (As of Dec. 2023)

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What is Toho Titanium Co Debt-to-Equity?

Toho Titanium Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $248.4 Mil. Toho Titanium Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $135.4 Mil. Toho Titanium Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $377.5 Mil. Toho Titanium Co's debt to equity for the quarter that ended in Dec. 2023 was 1.02.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Toho Titanium Co's Debt-to-Equity or its related term are showing as below:

TTNNF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.66 Med: 0.87 Max: 1.59
Current: 0.99

During the past 13 years, the highest Debt-to-Equity Ratio of Toho Titanium Co was 1.59. The lowest was 0.66. And the median was 0.87.

TTNNF's Debt-to-Equity is ranked worse than
86.86% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TTNNF: 0.99

Toho Titanium Co Debt-to-Equity Historical Data

The historical data trend for Toho Titanium Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Toho Titanium Co Debt-to-Equity Chart

Toho Titanium Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.66

0.89

0.86

0.84

0.99

Toho Titanium Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.84	0.92	0.95	1.02	0.99

Competitive Comparison of Toho Titanium Co's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Toho Titanium Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Toho Titanium Co's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Toho Titanium Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Toho Titanium Co's Debt-to-Equity falls into.

Toho Titanium Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Toho Titanium Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(242.653	+	131.98)	/	377.443
	=	0.99

Toho Titanium Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(248.372	+	135.351)	/	377.549
	=	1.02

Toho Titanium Co (OTCPK:TTNNF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Toho Titanium Co Debt-to-Equity Related Terms

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Toho Titanium Co (Toho Titanium Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Toho Titanium Co Ltd (OTCPK:TTNNF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

5727:Japan 40A:Germany

Address

3-3-5,Chigasaki, Chigasaki City, Kanagawa, JPN, 2538510

Website

http://www.toho-titanium.co.jp

Toho Titanium Co Ltd is a company which focuses on titanium products. Through its titanium business, the company manufactures titanium ingots, titanium sponge, high-purity titanium, and fabricated titanium products. Products are sold across several industries, mostly for aerospace and electronic materials production. Materials gained in the titanium production process are utilised to create catalysts, titanium dioxide for electronic materials, and nickel powder for capacitors. These products form the catalysts and chemicals business, and the output is largely sold to petrochemical companies and businesses manufacturing electronic materials.

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